Condominium
121 NE 5th ST # 2101
121 NE 5th ST # 2101, Miami FL 33132 Get directions
$995,000
2 Beds · 2 Baths · 835 SqFt
See estimated monthly costThis listing is courtesy of FL Prime LLC. Tomas Furman
Overview
Rare 2 Bed / 2 Bath at 501 First Residences, Downtown Miami's premier new tower. Perched on the 21st floor with a SE-facing balcony, this residence offers 760 sq ft per county records, with the developer's floor plan reflecting 835 sq ft interior + 180 sq ft balcony for 1,015 sq ft of total living area. Open-concept layout with floor-to-ceiling impact windows, custom Italian kitchen cabinetry, premium appliances, and in-unit washer/dryer. Primary bedroom features a full en-suite bath; second bedroom and additional full bath offer ideal flexibility for guests, roommates, or maximizing rental income. No rental restrictions — Airbnb allowed from day one. Delivered fully furnished and move-in ready. Enjoy 20,000+ sq ft of amenities: rooftop pool, hot tub, fitness center, 24/7 valet, co-working spaces, pet lounge, and media room — without condo-hotel restrictions. Steps from Miami Worldcenter, Brightline, Kaseya Center, and world-class dining. Minutes to Brickell, Wynwood, and MIA. The SE exposure frames iconic views of Biscayne Bay, PortMiami, and the Downtown skyline — among the most photogenic in the building. Unit is brand new and never occupied, offering true first-owner condition. With Downtown Miami's continued growth, strong short-term rental demand, and no income restrictions, this is a rare asset that works equally well as a primary residence, second home, or income-producing investment.
Facts & features
Interior
- Living area (sq ft)
- 835
- Full bathrooms
- 2
- Furnished
- Furnished
- Closet Cabinetry
- Fire Sprinklers
Building & exterior
- Year built
- 2026
- Garage spaces
- 1
- Covered spaces
- 1
- Pool
- Yes
- Bay
- Skyline
- Water View
- Barbeque
- Open Balcony
- Valet
HOA (homeowners association)
- Association fee
- $1,244 per month
- Pets allowed
- Yes
- Barbecue
- Business Center
- Community Room
- Elevator(s)
- Exercise Room
- Heated Pool
- Kitchen Facilities
- Other
- Pool
- Private Pool
- Spa/Hot Tub
- Daily Rentals Allowed
- Ok To Lease
- Dogs OK
Taxes
- Annual tax
- $0
- Tax year
- 2025
- Parcel number
- 01-41-01-008-0520
Listing
- MLS number
- A11998848
- Property type
- Condominium
- Price per SqFt
- $1,192
- Subdivision
- 501 First Residences
- On market since
- Apr 10, 2026
- Days on market
- 205
Estimated monthly cost
$7,022 per month
- Principal & interest (30 yr)
- $5,031
- Property tax
- $0
- Insurance (estimated)
- $746
- Association fee
- $1,244
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- New World School of the Arts
- School For Advanced Studies Wolfson
- Law Enforcement Officers Memorial Senior High
- Downtown Miami Charter School
- RJW The Academy of Arts Sciences
- School Board Adm - Main Building
- Anna Brenner Meyers Telecommunication Complex
- K-12 Distance Learning
- Frederick Douglass Elementary
- Miami-Dade Online Academy
- iPrep Academy
- Primary Learning Center
- School Board Adm -Garage
- Chapman Partnership Early Childhood Center North
- Key Point Academy Downtown
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Sieber International, LLC
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